Alice Needed Some Tractors for Her Gardening Services Business in Windsor.She

Essay

Alice needed some tractors for her gardening services business in Windsor.She approached Cooper's Equipment Leasing Inc.She asked Cooper's to obtain two tractors meeting her specifications and lease them to her.After performing a credit assessment of Alice,Cooper's decide to proceed with the transaction.Under the terms of the lease,Alice was obliged to make regular monthly payments over two years,which would result in paying Cooper's more than the full purchase price.Alice had an option to purchase the tractors at the end of the lease for $500 each.Alice knew that it was likely that the value of the tractors at the end of the lease would be at least $1000.In January,Alice stopped making payments under the lease and went bankrupt.Cooper's claimed the tractors,but the trustee in bankruptcy has refused to give them up.Who is entitled to the tractors?